| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $98M | $50M | -33.8% | 29.5% |
| Op. Income | $35M | $73M | $38M | -51.5% | -8.1% |
| Gross Margin | 61.9% | 79.6% | 83.5% | -17.6pp | -21.5pp |
| Net Margin | 53.9% | 73.9% | 76.3% | -20.0pp | -22.4pp |
| EPS (Diluted) | $0.19 | $0.25 | $0.16 | -24.0% | 18.8% |
| Free Cash Flow | -$1.1B | -$1.1B | -$237M | 4.0% | -356.4% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $35M |
| Interest Income | $121M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $278.0K |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $0 |
| EBIT | $35M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $35M |
| Interest Income | $121M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $278.0K |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $0 |
| EBIT | $35M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | -$24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.1B |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $602M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $490M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $82M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $903M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
